Mar 01, 2013, 02.17 PM IST
Budget 2013 looks positive for the housing sector, especially for first time owners. Infrastructure companies will also benefit.
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Budget Reactions: Focus on housing, FDI & taxes positive: PwC India
Budget 2013 looks positive for the housing sector, especially for first time owners. Infrastructure companies will also benefit.
Like this story, share it with millions of investors on M3
Budget Reactions: Focus on housing, FDI & taxes positive: PwC India
Budget 2013 looks positive for the housing sector, especially for first time owners. Infrastructure companies will also benefit.
PwC India
Get full Budget coverage
Budget 2013 looks positive for the housing sector, especially for first time owners. Infrastructure companies will also benefit. The emphasis on the importance of FDI in the Indian economy is welcome. The focus is on increasing the tax to GDP ratio by enhancing collections through direct taxes.
To bring about transformational change in the tax structure, the Finance Minister has ensured that the Direct Taxes Code Bill and the introduction of the Goods and Services Tax are back on track. Overall, Budget 2013 should meet its objectives of reigning in revenue and fiscal deficit and enhancing growth. Hopefully there are no retrospective amendments in the fine print.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
- Budget Reaction: Fitch Says Commitment To Fisc Cons, Despite Poll, Encouraging
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Student Person
REACTIONS
reaction on: People
Dhiraj Mathur
Leader Education | PwC India
reaction on: Policy
Deepak Kapoor
Chairman | PwC India
reaction on: Markets
TR Ramachandran
CEO & MD | Aviva India
reaction on: Policy
Srichand P Hinduja
Chairman | Hinduja Group
reaction on: People
Hari S Bhartia
Co-Chmn & Founder | Jubilant Group
What got Cheaper / costlier?
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